Erdene Resource Development (TSE:ERD) Releases Earnings Results

Erdene Resource Development (TSE:ERD) issued its earnings results on Friday. The company reported C$0.15 EPS for the quarter, FiscalAI reports.

Erdene Resource Development Stock Down 1.4%

Shares of TSE ERD opened at C$6.16 on Friday. Erdene Resource Development has a 12-month low of C$4.54 and a 12-month high of C$10.95. The stock has a market cap of C$403.44 million, a PE ratio of 616.00 and a beta of 2.20. The company has a current ratio of 104.30, a quick ratio of 4.27 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of C$5.42 and a 200 day moving average of C$6.46.

Erdene Resource Development Company Profile

Erdene Resource Development Corp. is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii Gold Mine in underexplored and highly prospective Mongolia. The Company has interests in a portfolio of precious and base metal projects near the Bayan Khundii Gold Mine in the Khundii Minerals District, which provides a robust organic growth pipeline. Erdene Resource Development Corp. is listed on the Toronto (‘ERD’) and the Mongolian stock (‘ERDN’) exchanges and OTCQX Market (‘ERDCF’).